As you may have heard, a company called Progress Software announced earlier this year that a vulnerability was discovered in its file-transfer application, MOVEit Transfer.
LPL Financial, the company I work with to custody your assets and provide support for Texas Private Wealth Advisors, has confirmed that they Do Not use the MOVEit transfer software nor do they have a direct relationship with Progress Software Corporation, the publisher of MOVEit software. None of its information systems or business operations were impacted because of this incident.
However, many financial services companies and their vendors were impacted, and some of those companies continue to investigate whether their data was exposed. Because LPL sends and receives data with many other firms—such as product sponsors, vendors, and financial institutions—it is possible that customer data was compromised through another company’s use of MOVEit.
If you receive a letter notifying you that your data may have been compromised:
- Please let me know so I can report potential fraud to LPL Financial.
- Please refer to guidance provided in that letter to obtain any additional information you need, and take advantage of any credit monitoring services the letter may offer.
LPL and I will continue to monitor this situation closely, and will share updates if we learn more information that could be of value to you.
Please contact our Team if you have any questions or concerns.